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Yale University Issue, Series 2016A

Borrower: 
Yale University
Par Amount: 
$399,320,000
Purpose: 

Bond proceeds financed the refunding of the University's 2007 Series Z-1 issue.  The $150 million Series 2016 A-1 was structured with a 3-year put option, and the $249.3 million Series 2016 A-2 was structured with a 10-year put option.  The Net Interest Cost for the new issues was 1.50%, compared to 4.44% on the refunded bonds.

Underwriter/Placement Agent: 
Barclays
Closing Date: 
July 1, 2016
Final Maturity: 
July 1, 2042
Yield: 
1.51%

For further information, search EMMA for this issue.